US Stock In Play: $BCOV (Brightcove Inc)

BBCOV have successfully broken out of its Symmetrical Triangle chart pattern highlighted last week , rallying to an intraday gain of +6.75% this morning. The breakout of the pattern sets a directional play for BBCOV, along with uptick in price volatility and volume exceeding 100% of its 50D average observed.

At the current price close of $18.83, BBCOV is still 31.25% away from its IPO inception year high at $25.50.